Patent attorneys with technical and legal expertise add value to client’s patent portfolio by developing strong patent strategy. Patent owners use effective portfolio management for implementation of profitable business models across the globe. As a result of strong patent enforcement initiatives, technology companies and inventors are able to prevent patent infringement by third parties. Patent experts conduct regular patent audits in a proactive manner to ensure adequate patent protection for existing products, along with regular reviews of potential infringement scenarios by way of freedom-to-operate studies. Additionally, the patent audit covers the periodic review of relevant provisions of the patent licensing agreements and employment contracts. The most valuable patent assets are generally developed by innovative companies that position their research driven innovations ahead of the times across various technology sectors, such as, for example, software, mobile applications, artificial intelligence or AI, machine learning or ML, drones, life sciences, biotechnology, pharmaceuticals, healthcare, medical devices, chemical compounds, semiconductors, telecommunication, Internet of Things or IoT, robotics, automobiles, material science, polymers, agrochemicals, mechanics, consumer electronics and Standard Essential Patents.